DappRadar, a crypto startup that provides data to analyze decentralized applications (dapps), is set to launch its own native token called radar.
Announcing the news on Thursday, Lithuania-based DappRadar said the token will help it decentralize its business in the future. The firm also announced that it is repositioning to a full-scale dapp store, similar to a centralized app store but for dapps.
Founded in 2018 by Skirmantas Januškas, DappRadar provides data for dapps such as transaction activity, token volume, and active users. The platform currently supports over 8,000 dapps across 25 blockchains, including Ethereum and Solana, as part of its dapp store offering. It plans to support more blockchain networks.
Besides data analysis, DappRadar also provides users with a portfolio management tool that helps them track the performance of their holdings. The platform claims to have 4 million unique users annually.
Dapp stores are beneficial to both users and developers, according
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